The taxation system in Poland is regarded as multifaceted , thus taxpayers are interested in ways of tax overpayment adjustment.
Adjustment of overpaid taxes in Poland are available for both individuals and companies . The main reason for applying for reimbursement is paying more than necessary, which can occur for various reasons . tax refund in Poland In what cases is a tax refund possible?
There are a number of circumstances where an individual can claim reimbursement of taxes:
Excessive taxation: In many cases, taxpayers excessively pay taxes as a result of incorrect calculations in their reports .
Favorable tax conditions: Certain discounts can lower the tax burden , which in turn creates the conditions for reimbursement .
Change in financial situation : If the financial situation of a taxpayer changes during the year, this can affect their tax liability , resulting in the possibility of a reimbursement .
VAT Refund
Firms recognized for VAT purposes may claim reimbursement of VAT on certain expenses . To obtain a refund, a company must fulfill the following conditions :
Timely filing of declarations : VAT return must be provided on a monthly basis within 25 calendar days the end of the reporting period .
Using the online platform : Reports are filed online on the website of the Polish tax administration (KAS).
VAT Refund Request : A company can claim a VAT refund in its monthly declaration . The tax authority will refund the difference between input and output VAT .
How quickly is VAT refunded?
VAT reimbursement timeframes may vary various circumstances:
If the refund is requested to a tax account , the money is reimbursed within 25 days.
Reimbursement to a bank account are paid out within 60 days if there was declared revenue in that reporting period .
If there was no revenue, the compensation is issued within six months .
Corporate Tax Reimbursement
Companies registered in Poland are mandated to remit corporate income tax (CIT). The corporate tax reimbursement process involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be provided by March 31 of the year of the next calendar year.
Filing online : The report is sent through the KAS platform.
Filing for reimbursement : The company applies for a refund of tax overpayment through the form.
If the declaration for a refund is deemed valid , the tax authority will return the money within the agreed timeframe .
Advice from Tax Experts
Acknowledging the intricacies of the tax regime in Poland, many residents and firms seek assistance of tax experts .
Tax consultants can support companies and individuals increase their refunds and lower their tax obligations.
The company specializing in tax matters, offers support with any matters related to taxation and defends the interests of clients before the tax administration of Poland. If you have any want to consult, write to us at:
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